DUNEDIN STOCK EXCHANGE

Evening Star, Issue 23324, 21 July 1939, Page 12

DUNEDIN STOCK EXCHANGE

THIS MORNING'S CALL LATEST QUOTATIONS

AUSTRALIAN STOCK EXCHANGES Press Association— By Telegraph— Copyngli. SYDNEY, July 20. On the Stock Exchange business today was along quiet lines, with little change in price levels. £ s. d.

NEW GUINEA GOLD SHARES Press Association— By Telegraph—Copyrigm LONDON, July 20. (Received July 21, at 11.35 aim.) New Guinea Gold shares are quoted at Is 3d. BEET SUGAR Press Association—By Telegraph-Copyiigbi LONDON, July 20. (Received July 21, at 11 a.m.) . Beet sugar, 7s 7£d. GLUTHA AND MOLYNEUX SHARES Press Association—By Telegraph—Copyright LONDON, July 20. (Received July 21, at 11 a.m.) Share quotations: Glutha River Company —buyers 9d, sellers Is; Molyneus River Company—buyers lid, sellers ijcl.

FRUIT AND PRODUCE

GOOD DEMAND FOR VEGETABLES MORE AUSTRALIAN LEMONS DUE NEXT WEEK Reilly’s report that business. during the week has been satisfactory, with an excellent demand experienced for vegetables. Fairly heavy supplies of applet are arriving, and good quality lines are netting fair values, with a limited demand for lower-grade fruit.. Dessert Eears have a satisfactory demand at igher values.

Cut flowers have a much. better inquiry, and increased supplies are netting good values. Australian navel oranges were! distributed. during the week. The fruit was in excellent condition and met with a kfeeti inquiry. Further supplies will be available next week. Australian lemons have a fair inquiry, and a further shipment is. due next week. .

Ripe bananas have an excellent inquiry. Small consignments of New Zealand marmalade oranges continue to , coma to-hand and are netting satisfactory values.

Fresh vegetables have a good demand, cabbages'and cauliflowers netting good values. Smaller consignments of pumpkins are arriving, and values have firmed slightly. Carrots are in. fair supply. Smaller consignment*. of parsnips are being received and prices arw firmer. Swede turnips are in ample supply. Potato values remain firm, with a good demand for King Edwards* Seed potatoes have an excellent inquiry* Eggs;—Supplies are 1 short of ■ the' inquiry, and prices remain firm at Is lOd for guaranteed. ;■*• Poultry.—There was only a.snmll penning for Wednesday’s sale, with good values being maintained. BANK OF ENGLAND RETURN Praia Awooiation—By Telegraph—Copyright LONDON, July 20. (Received July; 21,, at 11. s.m.) The following is the Bank of England return:— —lssue Department.— Note issue in circulation £507,600,000 Bank department 36,800,000 Government securities ... ... 288,100,000 Other securities .... 200,000 Silver coin ... 700,000* —Banking Department.— Best ... ... ... ... ......... 3,500,0 DO J Public deposits. ' 28,400,000 Bankers’ deposits ... ... ... 95.500,000 Other deposits- ;.. ... 36,400,000 Government securities ... ... 105,000,000 Discounts arid advances ... ... 9,100,000 Other securities 24,700,000 Notes and coin ... ... ... ... 39,500,000 Ratio of reserves 'to liabilities i5'24.59 per cent. The Bank of England discount rates remain unchanged at 2-per cent. DOLLAR AND STERLING

Buyers Sellers. £ 8. d. £ 8. d. N.Z. GOVERNMENT LOANS— 31 p.c. Stock, March, mi-43 98 0 0 34 p.c. Stock. Sept., 1941-43 93 0 0 4 p.c. Bonds, 1943-46 98 15 0 — 4 p.c. Stock, 1943-46 98 15 0 — 4 p.c. Bonds, 1946-49 97 10 0 — 4 p.c. Stuck, J 946-49 97 10 0 — 4 p.c. Bonds, 1952-55 95 10 0 — 4 p.c. Slock, 1952-55 95 10 0 — BANKING— Australasia (£5) 9 0 0 9 7 6 New Zealand (£1) ... 1 19 0 New Zealand (Lone “ D/ £1) 1 6 6 . Commercial (10s) — 0 17 0 National of New Zealand (£2 10s) ... 2 4 6 — INSURANCENational (7s) 0 16 8 0 17 0 Now Zealand (£1) ... 2 11 0 — Standard (£1) 2 14 0 — SHIPPINGU.S.S. Co. (pref., £1) — 1 5 6 MEAT PRESERVING— N.Z. Refrigerating (paid, £1) 0 15 6 N.Z. Refrigerating (cont., 10s) 0 8 0 — Southland Frozen (paid, £1) 1 7 3 1 8 0 South Otago Freezing 0 (£5) — 4 10 LOAN AND AGENCY— Otago Farmers' Co-op. (3s 4d) 3 2 0 0 2 9 Trustees, Executors, 0 and Agency (£3) 4 0 — Wright, Stephenson (pref., £1) — 0 19 4 COALWestport (10s) 1 0 6 — Westport-Stockton (pref., 10s) 0 7 6 ~ OILTaranaki (£1 4s 7d) 0 6 4 ~ GASAuckland (£1) — 0 17 0 WOOLLEN COMPANIESKaiapoi (cont., 7s) ... 0 4 3 — Kaiapoi (pref,, 17s) 0 14 6 — Oamaru (£1) 0 15 0 MISCELLANEOUS— Australian Consol. 1 18 0 lud (£1) British Tobacco (£1) — Broken Hill Prop. (£1) D.I.C. (pref., £D ••• 3 8 1 1 9 6 3 9 9 Dominion Fertiliser (£D - :• Douaghy’s Rope and Twine (£1) 1 3 2 7 6 6 1 2 4 9 6 0 Dunlop Perdriau Rubber (£1) 3 1 0 1 2 0 5 G. J. Coles (£1) 6 Ly 6 G «T. Coles (cont.. 0 lOsj - I.C.I. (pref., £1) — 6 i 1 4 9 Macdull's Ltd. (ovd., 0 1 £1) , - 6 Milburn Lime and 1 15 Cement (£1) 6 N.Z. Drug Co. (£2) 3 8 6 3 1U 0 N.Z. Paper Mills (£1) 1 4 9 - ‘ Otago Daily Times 6 6 (£1) Regent Theatre (£1) — 1 1 Woolworths (ord.. 0 17 9 5s) — Woolworths (Sydney, 1 3 ord., 5s) 9 — Woolworths Properties 0 12 0 (cont., 10s) BREWERIESNew Zealand (£1) ... 1 17 6 — Tooth’s (£1) 2 15 0 OVERSEAS MINING— Electrolytic Zinc (pref., £1) — 2 18 6 Electrolytic Zinc (ord., £1) — X 14 0 Mount Lyell (£1) ... 1 7 9 1 8 3 Mount Morgan (2s 6d) , - — 0 10 7 North Broken Hill 9 (5s) 2 0 N.Z. GOLD MININGAustral N.Z. (£1) ... — 1 4 0 Big River (Is) Gillespie’s (Is) 0 0 9 0 0 X0£ Kaneiri (£1) 1 15 0 0 — Nokomai (5s) 0 1 8 2 0 Okarito (5s) 0 2 9

Bank of New South Wales 28 6 0 Comm Banking of Sydney 19 1 0 Comm. Bank of Australia ... 0 15 3 Bank of Australasia 8 5 0 Colonial Sugar 45 12 6 Associated News 0 18 10 Australian Gas (A, old) ... Amalgamated Wireless 7 5 0 (cont.) . 2 16 6 British Tobacco 2 7 6 Tooths 2 12 6 Coles 3 12 6 Woolworths 1 2 0 Australian Con. Industries 1 15 1 Dunlop Berdriau 1 0 0 Hordern ... _ 0 .14 1 Genera! Industries 0 19 G Kandos 0 14 9 Morts Dock 0 15 li 0 Cash Orders 0 17 Carpenter 2 1 0 Standard Cement 1 2 0 Peters 2 10 0 Morris Hedstmh 1 5 0 Millaquiu Sugar Electrolytic Zinc 2 0 6 2 9 0 (pref.) 2 12 6 Broken Hill Proprietary ... 3 3 6 (cont.) 2 17 3 South Broken Hill 1 5 9 Arahura . 1 6 0 Loloma 1 3 7 Emperor 0 9 4 Kanieri 1 11 6 Mount Morgan 0 9 5 MELBOURNE, July 20. £ 8. d. Metropolitan Gas Oi *3 ‘ 0 Coles (rights) 2 7 3 Dunlop Perdriau 0 19 10 Electrolytic Zinc 2 9 0 (pref.) 2 12 9 Broken Hill Proprietary ... 3 2 6 South Broken Hill 1 5 9 Norths 2 3 9 Mount Morgan II 9 5 Loloma ... 1 3 6

FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchange (all rates subject to alteration without notice)■ London — £100 stg. T.T. £124 7/6 £125 N.Z. ... O.U. £123 18/9 £124 19/6 £A to £100 T.T. £100 10/ £100 N.Z. ... O.D. £100 10/ £100 £F to £100 T.T. £90 £88 12/6 N.Z. ... O.D. £90 £88 12/6 £ ollar to £1 T.T. 3.7748 3.7315 N.Z O.D. 3.7798 3.7325 Dollar to £1 T.T. 3.7769 3.7369 N.Z. O.D. 3.7856 3.7379 Belgium— Belgas to £1 T.T. 22.260 21.950 N.Z O.D. 22.335 21.955 Denmark— 18.140 17.830 N.Z O.D 18.200 17.832 Finland— Marks to £1 T.T. 184.85 179.03 N.Z O.D. 185.25 179.15 Prance— Francs to £1 T.T, 142.98 140.48 N.Z. O.D, 144.23 140.50 Germany— Reichsmarks to T.T. — 9.255 £1 N.Z, ... O.D — 9.267 Greece— Drachmae to T.T r— 429.20 £1 N.Z. ... O.D — 429.35 Holland— Florins to £1 T.T. 7.098 6.948 N.Z. ... ... O.D, 7.138 6.950 Italy— Lire to £1 T.T, — 70.968 N.Z. ... ... O.D — 70.993 Java— Florins to £1. T.T. Y.O90 6.948 N.Z O.D. 7.138 6.950 Norway— Kroner to £1 T.T. 16.127 15.837 N.Z O.D. 16.187 , 15.840 Noumea— Francs to £1 T.T. 145.48 138.73 N.Z O.D. 146.98 138.77 Papeete— France to £1 T.T. 144.88 138.88 N.Z O.D. 146.38 1 133.92 Sweden— Kronor to £1 T.T. • 15.743 15.448 N.Z O.D. . 15.803 13.451 Switzerland— Francs to £1 T.T. 16.795 16.525 N.Z. ... ... O.D. 16.895 16.528 Hongkong— N.Z. pence to T.T. 18 11-54 18 35-64 1 dollar ... O.D. 18 9^64 18 35-64 India and Ceylon— N.Z. pence to T.T. 22 1-4 22 17-32 1 rupee ... O.D. 22 7-52 22 17-32 Japan— N.Z. pence to T.T. — 17 37-64 1 yen O.D. 17 37-64 Manila— N.Z. pence to T.T. 31 33-64 32 7-32 . 1 peso ... O.D. 31 27-64 32 7-32 Singapore— N.Z. pence to T.T. 34 13-18 35 19-64 1 dollar ... O.D. 34 23-32 35 19-64 South Africa— £N.Z. to • T.T. 3123 4/6 £124 17/ £100 S.A. O.D. £122 17/ £124 17/ DOLLAR RATES. The Associated Banks (other than the Bask of New South Wales) to*daj quoted the following dollar rates on a N ew Zealand currency basis. They are subject to alteration without notice:— U.S.A, CANADA, (Per £1 N.Z.) (Per £1 N.Z.) SELLINGT.T. (del) ... 3.72 1-8 3.72 5-8 O.D. (dol) ... 3.72 3-8 3.72 7-8 BUYINGO.D. (dol) ... 3.77 15-16 3.78 5-8 • PRICE OF GOLD Press Association-By Telegraph-Copyright LONDON’ July 20. (Received July 21, at 11 a.m.) Fine gold- is quoted at £7 8s 6-J-d an ounce. July 19 ... ... ... £7 8 6 July 18 .... 7 8 5* ■ July 17 ... ... 7 8 6 July 14 ... 7 8 5 July 13 ... ... ... 7 8 6 July 12 ... ... ... 7 8. 6 July 10 ... ... ... 7 8 6 July 7 ... ... ... 7 8 6 July 6 ... 7 8 6 July 5 ... 7 8 6J July 4 ... 7 8 6* July 3’ ... ... ... 7 8 6i June 30 ... ... ... 7 8 6 June 1 ... 7 8 6 May 31 ... 7 8 5J Ma’v 1 ... 7 8 6 April 21 ... 7 8 6 April 4 ... 7 8 5J March 31 ... 7 8 6J February 28 ... ... 7 8 3 February 2 ... ... 7 8 7* January 31 ... 7 8 6 January 4 ... 7 10 5 Dunne the European crisis at the pud of September, 1938,' the price reached £7 7s (September 28). On January 4, 1939, a record price of £7 10s 6d* was made. During February the price varied from £7 8s <jd (Feb-rtiarv-1) to £7 8s 2d (February 27), Highest price in 1939, January 4, £7 10s 5d (record). Highest price in 1938. November 20 £7 10s; lowest price in 1938, January 3, £6 19s 5d. Highest price in 1937, March 6, £7 2s 7Jd; average price in TydU, £4 os an ounce.

Pres? Association— ■By Telegraph—Copyright LONDON, July 20. (Received July 21, at 11 a.m.) - Sterling exchange, London on New: York 4.68*. : July 19 ... ... 4.68 5-8 , . July 18 ... ... 4.68 3-8 July 17 ... ... 4.68 3-16 July 14 4.68 3-16 , July 13 4.68 3-16 ■ July 12 4.68 3-16 July 11 ... 4.68 3-16 July 10 4.68 3-16 July. 7 4.68 3-16 ... . July 6 4.68 1-8 July 5 4.68 1-8 July 4 ... ... 4.68 18 J uly 3 4.68 1-8 .... June 30 4.68 1-8 June 1 4.68 14 . May 31 ... ... 4,68 1-4 . May 1 4.68 1-8 April 3 ... ... 4.68 7-16 ' ' March 31 4.68 1-4 . March 1 4.68 34 February 28 ... 4.68 1-8 February 1 ... 4.68 3-4 January 31 ... ... 4.68 1-2 Jauary 2 4.68 7-8 “ London on New York during 1937 averaged 4.95dol to £1 starling; on August 2, 1938, 4.49|; on. September 28. 4.63; and during October varied between 4.784 and 4.75f. During November,. 1938, : the variation was between 4.76idol (November 8) and 4.63i. FRENCH FRANC Press Association— ■By Telegraph—Copyright LONDON, July 20. 1 (Received July 21, at 11 a.m.) Sterling exchange on Raris, 170J francs to £1. July. 19 ... ... ... 176 34 July 18 ... 176 34 July 17 ... ... ... 176 -34 July 14 ... 170 34. July 13 ... ... ... 176 34 July 12 ... 176 34 July 11 ... 176 34 July 10 ... ... ... 176 3-4 July? ... ... ... 176 3-4 July 6 ... 176 34 • July 5 ... ... ... 176 3-4 ; July 4 ... 176 34 July 3 ... 176 3-4 June 30... 176 3-4 June 1 ... ... ... 176 34 May 1 ... 176 84 . May 31 ... 176 34 April 28 ... 176 3-4 ;; April 3 ... MSrch 31 ... ... 176 34 ... ... 176 34 March 1 177 February 27 177 February 1 ' 177 January 31 177 January 5 ... ... 177 11-16